Chicago, IL – LaSalle Capital Group (ʺLaSalleʺ) is pleased to announce that it has completed a dividend recapitalization of its portfolio company, DeIorio Foods, Inc. (“DeIorio”), a manufacturer of premium frozen dough and bak-ery products based in Utica, New York. The proceeds from the recapitaliza-tion generated a distribution for DeIorio’s shareholders.
DeIorio was acquired by LaSalle’s portfolio company Violet Packing in January 2007 as it expanded its product line from tomato products into fro-zen pizza dough and other baked goods. The tomato sauce division of Violet Packing was sold to B&G Foods, Inc. in November 2010, leaving DeIorio as a standalone company. Rocco Martino, co-founder of LaSalle Capital Group and a DeIorio board member, said “DeIorio continues to generate strong or-ganic growth in its premium dough business and has expanded into new product lines such as par-baked and gluten-free. We look forward to con-tinuing our positive momentum and working with management to execute several exciting growth initiatives.ʺ
If you have questions regarding this recapitalization or DeIorio, please contact either Rocco Martino, Jeff Walters or Andy Shackelford at LaSalle.
|
 |
